Covenant tests

08:58 Feb 7, 2018
English to French translations [PRO]
Law/Patents - Law (general)
English term or phrase: Covenant tests
Parmi les obligations d'un gestionnaire :

"more generally, advise and provide assistance in relation with/in:

-coordinating covenant tests"

Merci d'avance,
Fabien Mounielou
France
Local time: 23:30


Summary of answers provided
5Test des engagements financiers (antérieurs)
Renvi Yimgna


  

Answers


41 days   confidence: Answerer confidence 5/5
covenant tests
Test des engagements financiers (antérieurs)


Explanation:

Ces "covenant tests" ont pour but de tester la solidité financière (solvabilité, liquidité, capitalisation) d'une institution, afin de savoir si elle pourra satisfaire les engagements financiers dèjà pris, au premier chef le remboursement des emprunts.

Ci-après un extrait significatif à propos des "covenant tests" :
"The group said it now expects ‘compliance with the April covenant test under the Group's bank facility will be tight,’ meaning there is a risk it will not meet the terms of its borrowing when the loans are reviewed. This could cause HMV to be forced to renegotiate its loans, which may result in higher borrowing costs."




Renvi Yimgna
Cameroon
Native speaker of: Native in EnglishEnglish, Native in FrenchFrench
PRO pts in category: 43
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